Mountain Fuel Supply Company
Encyclopedia
Questar Corporation is an oil and natural gas energy company based in Salt Lake City, Utah
. Questar is an oil and natural gas
producer in the Rocky Mountains
.
Previously known as Mountain Fuel Supply Company the company reorganized under a holding company in 1984 and is publicly traded as Questar Corporation. Mountain Fuel Supply formally changed its name to Questar Gas Company in 1998.
from fields across the state border to the east in southwestern Wyoming
. Mountain Fuel Supply Company was at that time the name of the holding company's oil and gas exploration and production affiliate.
under that name from then until 1984. Beginning in 1935, it also paid a cash dividend
to shareholders every year since that time.
In 1963, the company began to use a new trademark logo, in the shape of a trapezoid
. That logo remained in use until becoming Questar Gas in 1998.
At the time, R. D. Cash was chairman, president and chief executive officer
of Questar Corporation.
Other Questar affiliates were already moving into newly available energy market areas, such as Questar Energy Trading, which had begun to market electricity on the wholesale level, and Questar Energy Services, which had begun selling retail products including earthquake braces and carbon-monoxide monitors, and providing home-security and appliance-maintenance services. Also, Questar InfoComm began selling information technology and telecommunications.
By 1998, Questar Corporation had become one of the largest companies headquartered in Utah, with 2,500 employees and about US$1.8 billion in assets. The company had two major divisions:
By 2006, the Regulated Services segment had been subdivided instead into segments named Questar Gas and Questar Pipeline, for a total of three primary subsiary companies within Questar, with four major lines of business:
Salt Lake City, Utah
Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake or SLC. With a population of 186,440 as of the 2010 Census, the city lies in the Salt Lake City metropolitan area, which has a total population of 1,124,197...
. Questar is an oil and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
producer in the Rocky Mountains
Rocky Mountains
The Rocky Mountains are a major mountain range in western North America. The Rocky Mountains stretch more than from the northernmost part of British Columbia, in western Canada, to New Mexico, in the southwestern United States...
.
Previously known as Mountain Fuel Supply Company the company reorganized under a holding company in 1984 and is publicly traded as Questar Corporation. Mountain Fuel Supply formally changed its name to Questar Gas Company in 1998.
History
Questar Corporation's origins began in 1928, as a holding company named Western Public Service Corporation. That company was formed to bring natural gas to the Salt Lake City region of northern UtahUtah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...
from fields across the state border to the east in southwestern Wyoming
Wyoming
Wyoming is a state in the mountain region of the Western United States. The western two thirds of the state is covered mostly with the mountain ranges and rangelands in the foothills of the Eastern Rocky Mountains, while the eastern third of the state is high elevation prairie known as the High...
. Mountain Fuel Supply Company was at that time the name of the holding company's oil and gas exploration and production affiliate.
Mountain Fuel Supply
In 1935, the shareholders voted to reorganize Western Public Service Corporation as a single company. Mountain Fuel Supply Company (MFS) then became the name of the reorganized consolidated company, which was publicly-traded on the New York Stock ExchangeNew York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under that name from then until 1984. Beginning in 1935, it also paid a cash dividend
Dividend
Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business , or it can be distributed to...
to shareholders every year since that time.
In 1963, the company began to use a new trademark logo, in the shape of a trapezoid
Trapezoid
In Euclidean geometry, a convex quadrilateral with one pair of parallel sides is referred to as a trapezoid in American English and as a trapezium in English outside North America. A trapezoid with vertices ABCD is denoted...
. That logo remained in use until becoming Questar Gas in 1998.
Questar Corporation
In 1984, Mountain Fuel Supply Company shareholders voted to return to the holding-company structure, and chose the name Questar Corporation as the new parent holding company name. Questar Corporation continues to trade on the NYSE, under its stock symbol STR.Questar Corporation New Headquarters
August 2010 Questar broke ground on a new $45 million 6-story building at 333 South State street in downtown Salt Lake City. The 170000 square feet (15,793.5 m²) building will replace their current Headquarters that is located on 200 East and 100 South. The new building will be one of the first LEED Silver energy efficient buildings in downtown Salt Lake. It will accommodate some 600 Questar employees in a floor plan that is 20 percent smaller than Questar's current headquarters.Deregulation
On January 1, 1998, Mountain Fuel Supply Company was renamed Questar Gas Company, bringing all of Questar's divisions under the single Questar brand name. The move was prompted by new deregulation in the energy industry, which allowed the company to offer wider choices to customers, and to venture into new lines of business. The old Mountain Fuel Supply name had been primarily associated with natural gas delivery up until that time. In 1998 the Questar Corporation also began to use its newly reworked version of the traditional trapezoid logo throughout the organization.At the time, R. D. Cash was chairman, president and chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Questar Corporation.
Other Questar affiliates were already moving into newly available energy market areas, such as Questar Energy Trading, which had begun to market electricity on the wholesale level, and Questar Energy Services, which had begun selling retail products including earthquake braces and carbon-monoxide monitors, and providing home-security and appliance-maintenance services. Also, Questar InfoComm began selling information technology and telecommunications.
By 1998, Questar Corporation had become one of the largest companies headquartered in Utah, with 2,500 employees and about US$1.8 billion in assets. The company had two major divisions:
- Regulated Services, included retail natural gas distribution and interstate natural gas transportation
- Market Resources, included natural gas and oil exploration and production, wholesale and retail energy trading and marketing, natural gas gathering and other field services.
By 2006, the Regulated Services segment had been subdivided instead into segments named Questar Gas and Questar Pipeline, for a total of three primary subsiary companies within Questar, with four major lines of business:
- gas and oil exploration and production
- midstream field services
- interstate gas transportation
- retail gas distribution
E&P Business Spin-Off
On July 1, 2010, Questar Market Resources (QMR) exploration and production business was spun-off to form a new publicly-traded company, QEP Resources, Inc. (NYSE: QEP). QEP established its company headquarters in Denver, Colo. Questar Corporation's board of directors elected Ron W. Jibson as president and CEO. Keith O. Rattie would continue to serve as chairman of the board for both Questar Corporation and the newly formed QEP Resources, Inc. company.Business Structure
Questar's operations consist of three major lines of business — retail gas distribution, interstate gas transportation and gas production.Questar Gas Company
Questar Gas Company (QGC) — retail gas distribution — is a public natural gas utility in Utah, southwestern Wyoming and southeastern Idaho.Questar Pipeline Company
Questar Pipeline Company (QPC) — interstate pipeline and storage in Utah, Wyoming and Colorado.- Questar PipelineQuestar PipelineQuestar Pipeline Company provides natural gas transportation and underground storage services from the Rocky Mountains region. It is owned by Questar Corporation. Its FERC code is 55.-Background:...
- Southern Trails PipelineSouthern Trails PipelineThe Southern Trails Pipeline is a small natural gas pipeline which brings gas from the San Juan Basin to southern California, United States. It is owned by Questar Corporation . Its FERC code is 182.-External links:*...
, from the San Juan County, New MexicoSan Juan County, New Mexico-2010:Whereas according to the 2010 U.S. Census Bureau:*51.6% White*0.6% Black*36.6% Native American*0.4% Asian*0.1% Native Hawaiian or Pacific Islander*3.5% Two or more races*7.2% Other races*19.1% Hispanic or Latino -2000:...
Blanco Hub through the San Juan BasinSan Juan BasinThe San Juan Basin is a geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around , encompassing much of northwestern New Mexico, southwest Colorado, and parts of Arizona and Utah....
to California - Clay Basin storage facility, in the Rocky Mountains
- gathering lines and processing plants near Price, UtahPrice, UtahPrice is a city in Carbon County, Utah, United States. The city is home to the USU-College of Eastern Utah, as well as the large USU Eastern Prehistoric Museum affiliated with the college. Price is located within short distances from both Nine Mile Canyon and the Manti-La Sal National Forest...